internal models decision
Definitions over time (1)
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26/09/2021 – 01/10/2026 Article 1, Decision (EU) 2021/1442 of the ECB Scope: Whole act
For the purposes of this Decision, the following definitions shall apply:
‘internal models decision’ means a decision of the ECB on prior permission for extension of the deadline to implement sequentially the Internal Ratings Based Approach to calculate their own funds requirements for credit risk across different exposure classes pursuant to Article 148 of Regulation (EU) No 575/2013, to revert to the use of less sophisticated approaches pursuant to Article 149 of Regulation (EU) No 575/2013 and to permanently use the Standardised Approach pursuant to Article 150 of Regulation (EU) No 575/2013;
Other definitions of this term in this act (1)
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